A month has passed by for the reason that final earnings report for Wolverine World Vast (WWW). Shares have misplaced about 9.3% in that time-frame, underperforming the S&P 500.
Will the current damaging development proceed main as much as its subsequent earnings launch, or is Wolverine due for a breakout? Earlier than we dive into how buyers and analysts have reacted as of late, let’s take a fast have a look at its most up-to-date earnings report so as to get a greater deal with on the essential catalysts.
How Have Estimates Been Transferring Since Then?
It seems, estimates revision have trended downward in the course of the previous month.
The consensus estimate has shifted -34.04% because of these adjustments.
VGM Scores
Presently, Wolverine has an incredible Progress Rating of A, although it’s lagging so much on the Momentum Rating entrance with an F. Nonetheless, the inventory was allotted a grade of A on the worth facet, placing it within the prime quintile for this funding technique.
Total, the inventory has an mixture VGM Rating of A. When you aren’t centered on one technique, this rating is the one try to be occupied with.
Outlook
Estimates have been broadly trending downward for the inventory, and the magnitude of this revision signifies a downward shift. It is no shock Wolverine has a Zacks Rank #4 (Promote). We count on a under common return from the inventory within the subsequent few months.
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Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
